BILL PURPOSE: Authorizes the purchase and management of the Baca Ranch, New
Mexico, and the acquisition of private lands adjacent to federally designated areas.

OMB ESTIMATE: P.L. 106-248 authorizes the Secretary of the Interior and the
Secretary of Agriculture to sell certain Federal lands and use the net proceeds to purchase
nonfederal lands. Because this would allow receipts to be spent that otherwise would be
unavailable for spending, OMB estimates that spending would increase by small amounts
each year.

(Fiscal years; in millions of dollars)

2000

2001

2002

2003

2004

2005

Net costs.................

*

*

*

*

*

*

CBO ESTIMATE:

(Fiscal years; in millions of dollars)

2000

2001

2002

2003

2004

2005

Net costs.................

0

-1

-2

1

0

1

EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

CBO has slightly higher estimates of receipts from sales, so it estimates slightly higher
additional spending.

NOTE: The cumulative effect of direct
spending and revenue legislation enacted to date is
currently estimated to result in an end-of-session sequester. The Administration looks forward to
working with the Congress to ensure that an unintended sequester does not occur.